IL&FS sells environment biz to pare Rs 1,200 cr debt

Bankrupt Infrastructure Leasing & Financial Services (IL&FS) has sold the entire stake in the waste management arm IL&FS Environmental Infrastructure & Services (IEISL) and its subsidiaries to......

How the iconic Modern bread travelled from Chennai to Mexico

It was the first branded bread, launched more than half a century ago by the government. Sindhu Bhattacharya reports. Wrapped in blue and orange wax paper, it’s a familiar sight on the......

Maker of Modern Bread sold to Mexican baking major

Private equity player Everstone Capital has sold Modern Foods, which it had taken over in early 2016 from Hindustan Unilever, to Mexican baking major Grupo Bimbo for an undisclosed sum. Everstone......

Fine dining gets a taste of lockdown blues

Now they are reinventing their strategies to stay afloat, as they see no sign of recovery for at least six months. Illustration: Uttam Ghosh/Rediff.com India’s top restaurateurs have seen......